ACC Archives

Tag: Europe
The Rise of Crony Capitalism and Angry Young Men

In the attached piece Bill Bonner, a contributor to, discusses the alienation that comes from crony capitalism. He makes the excellent point that “democracy” (for the record not always a good thing but better than most systems) bears little...

New EU Leaders Largely Goldman Alums

Mario Monti, the new prime minister of Italy, Lucas Papademos, new prime minister of Greece, and Mario Draghi, new head of the European Central Bank, and arguably  the single most powerful person in Europe, all have this in common: they...

Fed Continues to Help Bail Out Europe’s Banks

It will be recalled that when the US Federal Reserve was forced by Congress to reveal information about what it did in 2008, some of the biggest loans were made to European banks. The story below shows how this is continuing....

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